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Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations

Schedule of reconciliation of discontinued operations

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​	​	​	​	​	​	​	​
​	​	​	​
​	​	​	Year Ended December 31,
(in thousands)			2024			2023
Net revenue	​	​	$	240,571	​	$	256,026
Costs and expenses:	​	​		​	​		​
Cost of goods sold	​	​		108,826	​		158,554
Research and development	​	​		1,503	​		13,326
Selling, general and administrative	​	​		42,256	​		71,557
Total costs and expenses	​	​		152,585	​		243,437
Income from operations	​	​		87,986	​	​	12,589
Interest expense	​	​	​	(16,424)	​	​	(29,463)
Other income (expense), net	​	​	​	(4,250)	​	​	744
Gain (loss) on Sale Transactions, net	​	​	​	176,589	​	​	—
Net income (loss) from discontinued operations before income taxes	​	​	​	243,901	​	​	(16,130)
Income tax provision	​	​	​	—	​	​	—
Net income (loss) from discontinued operations, net of tax	​	​	$	243,901	​	$	(16,130)

​

​	​	​	​	​	​	​
​	​	​
​	​	Year Ended December 31,
(in thousands)		2024			2023
UDENYCA	​	$	205,951	​	$	127,064
CIMERLI	​	​	27,079	​	​	125,388
YUSIMRY	​		7,541	​		3,574
Total net revenue from discontinued operations	​	$	240,571	​	$	256,026

​

​	​	​	​	​	​	​
​	​	At December 31,
(in thousands)		2024			2023
Assets of Discontinued Operations	​	​	​	​	​	​
Inventory	​	$	65,887	​	$	60,511
Prepaid manufacturing	​		4,983	​		12,627
Other prepaids and current assets	​	​	1,310	​		3,961
Total assets of discontinued operations, current	​	​	72,180	​	​	77,099
Property and equipment, net	​		261	​		—
Inventory, non-current	​		43,776	​		67,033
Intangible assets, net	​	​	—	​	​	4,065
Other assets, non-current	​		206	​		605
Total assets of discontinued operations, non-current	​	​	44,243	​	​	71,703
Total assets of discontinued operations	​	$	116,423	​	$	148,802
Liabilities of discontinued operations	​	​	​	​	​	​
Accrued and other current liabilities, current	​	$	—	​	$	11,480
Total liabilities of discontinued operations, current	​	​	—	​	​	11,480
Other liabilities - non-current	​	​	—	​	​	9,000
Total liabilities of discontinued operations, non-current	​	​	—	​	​	9,000
Total liabilities of discontinued operations	​	$	—	​	$	20,480

​

​	​	​	​	​	​	​
​	​	At December 31,
(in thousands)		2024			2023
Assets	​	​	​	​	​	​
Trade receivables, net	​	$	102,365	​	$	259,881
Liabilities	​	​	​	​	​	​
Accrued rebates, fees and reserves, current	​	$	163,771	​	$	169,589
Other liabilities, non-current	​	$	—	​	$	1,287
Liabilities to be paid in connection with the Sale Transactions	​	​	​	​	​	​
Accrued and other current liabilities	​	$	14,816	​	$	728
Other liabilities, non-current	​	$	15,667	​	$	—
Term loan, non-current (Note 9)	​	$	—	​	$	172,537
Convertible notes (Note 9)	​	$	228,229	​	$	226,888

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- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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